‘Revision in FAME-II norms to boost electric 2-wheeler demand’


New Delhi, June 13 | Lauding the latest revision in the FAME-II norms by the Centre, stakeholders in the sector have said that the move will substantially increase the demand for electric bikes and scooters.

Hero Electric MD Naveen Munjal said: “In what will be seen as one of the most significant moves in the last decade for the electric vehicles industry, the increase in subsidy under FAME II will usher in a new era of electric mobility in India.”

He was of the view that the increase in the cap of subsidies for EVs will be a game changer driving consumers towards electric scooters even as petrol prices continue to touch the Rs 100 mark.

In a statement, electric two-wheeler maker RattanIndia-Revolt Intellicorp (Revolt) said that the company, along with its customers, are set to be big gainers of the major revisions made by the government to the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) scheme which has increased the incentive for manufacturers from Rs 10,000 per kWh to Rs 15,000 per kWh.

“This would translate into Rs 48,000 incentive per bike that Revolt sells. This could mean FAME II incentives upto Rs 480 crore for current production capacity of 1 lakh bikes per annum,” it said.

“This bold policy measure clearly demonstrates the intent of the government to rapidly transform the adoption of electric vehicles,” Revolt and RattanIndia Enterprises Chairman Rajiv Rattan said.

Further, Revolt CEO and MD Rahul Sharma said that the decision will further incentivise both the EV manufacturers and customers and will exponentially accelerate the EV adoption in the country.

Nexzu mobility Chief Marketing Officer, Pankaj Tiwari, said: “Government’s move to increase subsidy to electric bikes and scooters by 50 per cent, subject to those that meet the FAME II criteria, is a welcome stimulus which will boost adoption and encourage research & development and innovation for enhanced customer experience.”

He was of the view that the development will provide a fillip to Indian EV companies to manufacture the finest, electric high-speed mobility solutions. It will also help firms to boost the growth of EV space across the nation, he added.

“However, we would also like to see electric bicycles fall under the ambit of the FAME-II policy with an independent incentive for two-wheelers, based on some of the key features like battery power etc,” Tiwari said.

Source: IANS

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Elon Musk asks hard-hitting AI engineers for job

Elon Musk asks hard-hitting AI engineers for job

Tesla founder and CEO Elon Musk on Monday tweeted that he is hiring Artificial Intelligence (AI) engineers who are passionate about solving day-to-day problems through AI

San Francisco, Dec 6 | Musk hiring engineers to solve problems that affects people’s lives. Tesla founder and CEO Elon Musk on Monday tweeted that he is hiring Artificial Intelligence (AI) engineers who are passionate about solving day-to-day problems through AI.

“As always, Tesla is looking for hardcore AI engineers who care about solving problems that directly affect people’s lives in a major way,” Musk tweeted along with a link to apply for the job.

Interested candidates can apply by filling in fields like name, email, exceptional work done in software, hardware or AI, dropping their resume in the PDF format and hitting the Apply option.

As per the website, Tesla’s AI and Autopilot unit develops and deploys autonomy at scale in vehicles, robots and more.

“We believe that an approach based on advanced for vision and planning, supported by efficient use of inference hardware, is the only way to achieve a general solution for full self-driving and beyond,” the website read.

In a 2014 interview, Musk said he looked for “evidence of exceptional ability” in a potential employee, rather than a degree from a prestigious university.

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“There is no need even to have a college degree at all, or even high school,” Musk said during an interview with the German automotive publication Auto Bild about his hiring preferences more broadly.

“If somebody graduated from a great university, that may be an indication that they will be capable of great things, but it’s not necessarily the case. If you look at, say, people like Bill Gates or Larry Ellison, Steve Jobs, these guys didna¿t graduate from college, but if you had a chance to hire them, of course that would be a good idea.”

Source: IANS


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